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it's another reaso more investors are saying... [ all ] i'm with scottrade. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached b christmas. both sides seem so far off. even among senate democrats, there are deep divisns over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is what some of you are tweeting me. if there is not entitlement reform and we are not backing away from the cliff, we are really doing the tango dane along theedge. randy degrees. you have to curb them to bring in spending. here isrobert. without it talkare a waste of time, probably a wate anyway. ask the question. 91 percent of you said yes. 9 percent said no. surprising. here are your e-mails. says this country is so divided maybe it'' time to reinssate the mason-dixon line, get everyone five years to move to whatever side they believe that. i think they're on both sides. liberals and conservatives. ronnie from florida says to my two presidents in my lifetime had bad economies going into their terms and up to
it's another reaso more investors are saying... [ all ] i'm with scottrade. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached b christmas. both sides seem so far off. even among senate democrats, there are deep divisns over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is what some of you are tweeting me. if there is not entitlement reform and we are not backing away from the cliff,...
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the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card player, but msnbc political analyst and vice president, executive editor of msnbc.com. i thought it was an academy award performance by boehner today. >> pretty good, huh? >> he knows what the numbers are, don't you think? >> he knows what the numbers are and what the other side is holding here. he has to pretend like he fought for something. he has no leverage. tom cole isn't just a guy from oklahoma. he led the republican conference. that's the ideological core, those are the sort of torch holders for the whole movement. and so when tom cole says, we got to go with what we've
the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card...
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, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ woman ] . progresso. in what world do potatoes, bacon and cheese add up to 10
, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has...
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i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by the amount of children you have? guest: some of them do matter. the eitc, there was a law that allowed you to climate for more than three children. that could go away by the end of the year. host: the earned income tax credit specifically. mary from kentucky on the republican line. caller: good morning. we are small business owners. with many of these taxes going up and there are proposals in kentucky to raise some of our state taxes because we have deficits and pension obliga
i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries...
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Dec 3, 2012
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obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they want. it doesn't put them in a good position. to some degree this is a choreographed dance that has to happen. they cannot come to a deal without a humongous fight. >> this is also the white house i think has managed the optics well on this and dubbed it the great reasonableness tour of 2012. it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving hi
obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they...
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president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> president obama isn't talking about some moderate republican or some blue dog democrat, he is talking about conservative republican oklahoma congressman, tom cole. cole is the first republican to openly call for agreeing to middle class tax cuts. >> we all agree that we are not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases, continue to try to work
president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if...
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hey, guys, let's give the president the middle class tax cuts. i'm not going to cut the big deal with him. >> more leverage. >> more leverage. >> but an hour from now, obama is going to be in front of the business roundtable and trying to enlist them and other business lead eers to say, god, don't put us through this again. don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the defense lobby. now here is the difference. the difference with this dynamic, the hostage takers last time have been taken hostage, right? the people who are prepared to bust through all of these moments and really go over the cliff are the democrats. they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's abs
hey, guys, let's give the president the middle class tax cuts. i'm not going to cut the big deal with him. >> more leverage. >> more leverage. >> but an hour from now, obama is going to be in front of the business roundtable and trying to enlist them and other business lead eers to say, god, don't put us through this again. don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the...
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cliff, where all tax cuts and brakes expire at the end of the year. that is an election, popular at the end of the year, certainly give president obama a lot of clout right now. you can disagree or agree with the policy. that is for you to decide. republican tom cole of oklahoma happens to disagree strongly. at the same time, he recognizes the political reality that all tax cuts will expire on january one, and no one wants to raise taxes on what would amount to 98% of all the taxpayers. >> in my view, we agree we're not going to raise taxes on people that make more than $250,000, we should just take them out of this discuss right now. continue to fight against any rate increases and continue to fight for a much bigger deal. >> congressman cole joins us, the staunchly conservative editorial page of "the wall street journal is on board now. president obama's re-election means that taxes for upper income earners are going up one way or another. the question is how republicans should handle this reality. congressman cole as you heard, a number of other co
cliff, where all tax cuts and brakes expire at the end of the year. that is an election, popular at the end of the year, certainly give president obama a lot of clout right now. you can disagree or agree with the policy. that is for you to decide. republican tom cole of oklahoma happens to disagree strongly. at the same time, he recognizes the political reality that all tax cuts will expire on january one, and no one wants to raise taxes on what would amount to 98% of all the taxpayers....
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leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go back to the future when we talk to congressman chris van hollen next on "now." [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up
leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go...
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but he just had to keep those tax cuts coming, but something remarkable may be happening in our politics. we're on the verge of something big. after decades of silliness, this lock-step republican fantasy that has hurt our country, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> read his lips, no deal without a tax increase on the richest in this country. and get this, president obama is winning this argument. remember the anti-tax pledge? 44 republicans had distanced themselves from it. today conservative columnist david brooks says, republicans have to realize they're going to have to cave on tax rates. and conservative writer byron york writes, quote, republicans will cave. part of the reason f
but he just had to keep those tax cuts coming, but something remarkable may be happening in our politics. we're on the verge of something big. after decades of silliness, this lock-step republican fantasy that has hurt our country, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues but he says he's going to do that by lowering rates. and...
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cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all taxpayers. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of discussion right now. continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> congressman cole joins us shortly. a rock rib conservative. chair of the national republican congressional committee, and he's no longer a lone voice in the wilderness. the staunchly conservative editorial page of "the wall street journal" is on board as well. i'm quoting now. the fact is that republicans face a new polit
cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all...
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bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the wealthy and increase in the medicare eligibility age and slowing costs of living increases for social security. let's dig in now with molly ball, national political reporter for "atlantic" and also lynn sweet, washington bureau chief of "chicago sun-times." ladies, good afternoon. >> hello to you. >> molly, senator dick durbin saying right here on tuesday on "morning joe" that he could see $400 billion, at least $400 billion in entitlement cuts. is that going to be as hard of a sell to the left as raising rates will be to the right? >> in a word, yes. there are a lot of democratic groups right now really pushing for no changes
bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the...
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. >> president obama urged college -- urge congress to extend tax cuts. he spoke at the eisenhower executive office building for about 10 minutes. it travels to pennsylvania later this week to talk about taxes and the economy. >> thank you very much. everybody please have a seat -- except you guys. [laughter] good morning, everybody. there has been a lot of talk here in washington about the deadlines we are facing on taxes and deficits. these deadlines are going to be coming up very soon in the coming weeks. but today's important because i want to make sure everybody understands that this is not just about numbers. it is a set of major decisions that are going to expect millions of families all across this country in very significant ways, and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long term deficit under control in a way that is fair and balanced. that kind of agreement would be good for o
. >> president obama urged college -- urge congress to extend tax cuts. he spoke at the eisenhower executive office building for about 10 minutes. it travels to pennsylvania later this week to talk about taxes and the economy. >> thank you very much. everybody please have a seat -- except you guys. [laughter] good morning, everybody. there has been a lot of talk here in washington about the deadlines we are facing on taxes and deficits. these deadlines are going to be coming up very...
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and it is foolish to reject president obama's own self- described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. \[inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar de
and it is foolish to reject president obama's own self- described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious...
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and president obama saying dammit get's start out by giving 98% of americans a tax cut. what's wrong with that. but first -- >> this is the "full court press." >> even if you didn't win the grand prize in last night's powerball jackpot, you should double check your ticket and see if you won a smaller prize. a lot of people don't do that. they rip up their ticket after they see they didn't win the $500 million. according to the association, of the $40 billion in prizes awarded in the u.s. each year, $800 million go completely uncollected. >> no kidding. >> bill: oh, my god. >> what happens to that money? >> no one picks them up. >> most lotteries give you six months 180 days to pick it up and i think it goes back into the fund of that state lottery benefits whether it is education or schools. >> that's not all bad. don't just let money go. >> nfl star is still awaiting for his date on the basketball court with president obama. washington redskins sensation quarterback robert griffin iii tells yahoo news he challenged the president to a game of pickup last year but the pre
and president obama saying dammit get's start out by giving 98% of americans a tax cut. what's wrong with that. but first -- >> this is the "full court press." >> even if you didn't win the grand prize in last night's powerball jackpot, you should double check your ticket and see if you won a smaller prize. a lot of people don't do that. they rip up their ticket after they see they didn't win the $500 million. according to the association, of the $40 billion in prizes...
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tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically get a raise. theys hould stop that. they don't need the money anymore. they have plenty. obama is going to have his way, and that's it. host: can you hang on the line? let me get your reaction from larry duncan on twitter who says -- what do you think, margaret? caller: i think that is correct. there are a lot of loopholes but they do not want to do this. they are happy because they are getting this extra money. if obama gets -- i don't have a charge card. i am paying off all my debt. we should pay off all large debt. how much are we paying for this debt that we go? that is a waste. why should anyone else do it? congress.s stick with
tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically get a raise. theys hould stop that. they don't need the money anymore. they...
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we a
we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government...
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>> how will he pass the massive obama tax cut without the house? >> i'm assuming they'd want to have a big tax cut, right? >> no. >> they would sit on their hands post-january 1st and say nothing? >> do you think republicans are so stupid in the house they don't see that move coming and say, you know what? you go ahead and you try to pass your tax cut through harry reid's senate, and we'll pass our tax cut through the house. and good luck. >> so they would just rather have everyone's tax -- i'm shock that that would be the end result. >> harry reid would rather have it his way or nobody's way? >> no, i'm saying you can negotiate in these flex three weeks about this package of tax cuts. >> i don't mean this to be directed towards you -- >> but here it comes. >> -- no, i'm just saying generally, there is such an arrogance in the media since the president won. they think that these house republicans are -- >> have nothing to say. >> -- have absolutely nothing to say. >> i do agree with that. or nothing of value. >> they act as if they were elected by
>> how will he pass the massive obama tax cut without the house? >> i'm assuming they'd want to have a big tax cut, right? >> no. >> they would sit on their hands post-january 1st and say nothing? >> do you think republicans are so stupid in the house they don't see that move coming and say, you know what? you go ahead and you try to pass your tax cut through harry reid's senate, and we'll pass our tax cut through the house. and good luck. >> so they would...
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. >> sec of all, i saw the obama administration put the payroll tax cut back on the table in the proposal. i know that the white house is doing these my# -- my2k hash tags. why not my3k because the payroll is back in it? >> that's a good question. i appreciate the contribution to the communication's thinking. the facts of the matter is we are clear that we believe unemployment insurance has to be extended, and we believe all the precisions expire at the end of the year have to be a part of the conversation and discussion. we are interested in payroll tax cuts being interested in very much part of the discussion. i'm not going to get into the specifics of our negotiations, but, you know, two things. one is we fought very hard. the president fought hard for the payroll tax cut and the payroll tax cut extension. around this time last year, i think i was entertaining similar questions, which is, why cannot the president meet with speaker boehner right now? the deal was done, and american families benefited enormously from it during a time it was important economically, and we'll evaluate that
. >> sec of all, i saw the obama administration put the payroll tax cut back on the table in the proposal. i know that the white house is doing these my# -- my2k hash tags. why not my3k because the payroll is back in it? >> that's a good question. i appreciate the contribution to the communication's thinking. the facts of the matter is we are clear that we believe unemployment insurance has to be extended, and we believe all the precisions expire at the end of the year have to be a...
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the last thing we need to do is- that by not extending the middle-class tax cuts. thank you for shopping with me. thank you very much. >> president obama hosted mitt romney for lunch on monday. gov. romney is said to have congratulated the president and the two ate lunch and had a discussion that lasted an hour. >> congressional historian norma rnstein explains why congress is pursuing. >> the program began, he was when the the advises, to document the conditions under which people were living. this was when we did not have television. we had radio, but a lot of places didn't have electricity. they cannot listen to the radiobroadcast. an economist from columbia was the head of this project. 1939 when kodak introduced color film, they sent found to have as photographers try out and see what they could do. kodak was trying to establish a new market and product. they wanted people who would know how to use it effectively to try it out and publicize it. . your testimony. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioni
the last thing we need to do is- that by not extending the middle-class tax cuts. thank you for shopping with me. thank you very much. >> president obama hosted mitt romney for lunch on monday. gov. romney is said to have congratulated the president and the two ate lunch and had a discussion that lasted an hour. >> congressional historian norma rnstein explains why congress is pursuing. >> the program began, he was when the the advises, to document the conditions under which...
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Dec 2, 2012
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the politician suggested the gop should accept president obama's plan to extend tax cuts and debate the tax hikes for the wealthy. >> i do believe we should take things where we agree with the president and take them off the table one at a time. this would strengthen our position in the course of the negotiations. >> joining me e is former governor howard dean and congressman tom davis. hello, you guys. good to have you both. so representative davis, i will begin with you. congressman kohl says this move would strengthen the gop position. do you agree or do you think it's a risky approach? >> well, it's a little of both frankly. when you give that up, there's nothing left for the president to agree to. he's won the day. the problem with that is everybody goes off the cliff at this point. everybody's taxes go up and does that strengthen your position? the problem is you need one spokesman for the republicans. the republicans can't have a lot of members out there freelancing their own ideas. you look divided. >> we had timothy geithner defending the plan to avert the fiscal cliff. let's t
the politician suggested the gop should accept president obama's plan to extend tax cuts and debate the tax hikes for the wealthy. >> i do believe we should take things where we agree with the president and take them off the table one at a time. this would strengthen our position in the course of the negotiations. >> joining me e is former governor howard dean and congressman tom davis. hello, you guys. good to have you both. so representative davis, i will begin with you....
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Dec 1, 2012
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. >> obama came to the table with 1.6 trillion in tax increases and no spending cuts. he seems very confident he can bum rush them into a bad deal. i think that's because there's a sense out there, probably from the last two times these guys tangled, that the republicans are unwilling to in this case to allow themselves to go over the cliff. if you're in a negotiation where your opponent knows that you're unwilling to have that kind of aout come then they've got you right where they want you. i feel like obama thinks he's got the republicans right where he wants them. >> senator hutchson, the republicans were on the short end of the election to be sure. the point i'm making, your leader, senator mcconnell, came out with a pretty good reform planned to regarding medicare for example. i thought that was a very sensible entitlement reform. then he said we can talk revenues. why can't the gop go down that road, get house speaker boehner on there and see how white house reacts to this? >> i think mitch is doing that. as you know, i have a social security reform proposal tha
. >> obama came to the table with 1.6 trillion in tax increases and no spending cuts. he seems very confident he can bum rush them into a bad deal. i think that's because there's a sense out there, probably from the last two times these guys tangled, that the republicans are unwilling to in this case to allow themselves to go over the cliff. if you're in a negotiation where your opponent knows that you're unwilling to have that kind of aout come then they've got you right where they want...
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Nov 30, 2012
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president obama even in his p - proposal yesterday had entitlement cuts including to medicare. you have in the past been resistant to cutting entit entitlements. does the result of the election -- i've heard many people on the democratic side say, look, we won. we don't need to make concess n concessions to republicans on entitlements. we can raise the top rates without making these concessions. do you think the president is even in this first proposal giving away too much on the entitlement side? >> i think it's important to note that there's a difference between working to cut medicare and protecting the benefits. and itch said repeatedly that i will not vote to cut the benefits people have earned and depend on because they put those benefits into place, one, this in the middle of a depression, social security, and the other one, medicare, because they were needed. republicans and democrats recognized they needed these programs because people got old and people got sick and they still do. so i will not work to cut those benefits. but when the president talks about looking at
president obama even in his p - proposal yesterday had entitlement cuts including to medicare. you have in the past been resistant to cutting entit entitlements. does the result of the election -- i've heard many people on the democratic side say, look, we won. we don't need to make concess n concessions to republicans on entitlements. we can raise the top rates without making these concessions. do you think the president is even in this first proposal giving away too much on the entitlement...
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Dec 5, 2012
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obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn
obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals...
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Nov 29, 2012
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it includes medicare cuts, entitlement cuts that are at least $400 billion. remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to get republicans more comfortable with raising taxes including raising rates. i don't think there's a scenario where the rates don't go up on people making over $250,000. and democrats have to get more comfortable with entitlement changes. but at the end of the day, obama can deliver democrats. and i think boehner's stronger today than he was three months ago, and he could deliver more republicans than he could of them. >> on that question of taxing the wealthy, you alluded to it in a comprehensi
it includes medicare cuts, entitlement cuts that are at least $400 billion. remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they...
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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Nov 30, 2012
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there is no mystery about barack obama. this is the man we have come to know for the last four years. he has no intention of compromising. no intention of cutting spending. he has never shown any indication of that. he has every intention of raising the rate and will not compromise. lou: steve murphy is shaking his head. why are you shaking your head? >> because the president thought he had a deal last year with the house of representatives. the president is willing to do this with mostly spending cuts. lou: is often about the negotiations for anyone to do that. [talking over each other] [talking over each other] lou: if you want, watch the markets tonight. lou: watch the markets in europe and asia with the rhetoric today from washington dc and you tell me how sanguine you are about a deadline around christmas. the markets, they seem to be a little anxious. >> they are little anxious, but they have not gone down significantly. that was it. the economy is growing strongly. also because one thing newt gingrich got right, this
there is no mystery about barack obama. this is the man we have come to know for the last four years. he has no intention of compromising. no intention of cutting spending. he has never shown any indication of that. he has every intention of raising the rate and will not compromise. lou: steve murphy is shaking his head. why are you shaking your head? >> because the president thought he had a deal last year with the house of representatives. the president is willing to do this with mostly...
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Dec 4, 2012
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he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and these new jobs and new salaries can create other jobs and other salaries. >> right. that is the message that president obama needs to hear. unfortunately, there's growing evidence to indicate that he's not interested in striking any deal at all. now
he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both...
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Nov 29, 2012
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in the 1990 tax increase, only spending-cut bill and made it sound pretty good. but when the iraq war wound down, people said massive permanent tax increase and phony spending cuts. spending went up and not down and your tax increases hurt the economy. the economy is bad. so it's got to pass the lap test not just the moment it happens but between now and the next several sessions. >> so i hear in what you're saying considerable wiggle room. i hear you saying that republicans should not negotiate with themselves, should push for the best deal that they can get, but you aren't here as a dead ender, you're not saying that people should go off the cliff just because of a pledge? >> first of all, we have this -- having the same conversation we had two years ago when we had the same fiscal cliff two years ago and obama decided he didn't want to damage the economy because he was up for re-election. same players, same chest board, and they extend everything two years because they decided the president wanted to save himself and not damage the economy. his position is i d
in the 1990 tax increase, only spending-cut bill and made it sound pretty good. but when the iraq war wound down, people said massive permanent tax increase and phony spending cuts. spending went up and not down and your tax increases hurt the economy. the economy is bad. so it's got to pass the lap test not just the moment it happens but between now and the next several sessions. >> so i hear in what you're saying considerable wiggle room. i hear you saying that republicans should not...
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Dec 6, 2012
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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is he said you have an obama sticker on your forehead. she could have said i'm so insulted. >> was the anchor worried about the powers of be at fox -- >> the anchor makes the call. nobody is in their ear saying cut, cut, get away. did you see how fast it happened? okay. thank you very much. >> you do have the power. >> he reads a lot of monitors and he couldn't respond to the man. i'm sorry. i didn't mean that. i mean he didn't have a response. so he got rid of the guy. >> we can't cut any of you off if we try. >> i know. >> done. ahead on "starting point." >> we're not done. we're not done. >> thanks howard and lauren. fascinating discussion. >>> still ahead on "starting point," awaiting trial for murder. why is george zimmerman signing autographs? why? with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, righ
is he said you have an obama sticker on your forehead. she could have said i'm so insulted. >> was the anchor worried about the powers of be at fox -- >> the anchor makes the call. nobody is in their ear saying cut, cut, get away. did you see how fast it happened? okay. thank you very much. >> you do have the power. >> he reads a lot of monitors and he couldn't respond to the man. i'm sorry. i didn't mean that. i mean he didn't have a response. so he got rid of the guy....
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should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that are an excellent source of fiber try great grains banana nut crunch and cranberry almond crunch. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [ca
should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain...
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Dec 6, 2012
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that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican
that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package...
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it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and work together. i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't
it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and work together. i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i...
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Dec 4, 2012
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the reason why boehner has trouble cutting a deal is not because boehner can't cut a deal. i think in five minutes' time he and obama would come up -- >> excuse me, excuse me, you're wrong. you're wrong. all that grover has to say, all he has to say is, we're in a particular fiscal crunch right now, and we've got to make allowances for that. if he did that, a lot would change. >> grover only counts because these tea party guys, the 50, 60, 70 in the house, they have a theological opposition to any -- >> let's go -- >> all they're worried about is being primaried from the right -- >> i know -- let's talk about the caucus you used to work with and know. >> very well. >> aren't there a lot of people over there if grover came out and said these are peculiar times, we have to make a couple adjustments. >> members of congress should not have to negotiate with grover norquist. >> but i'm asking you an open question. would that have any influence? >> it could but it would -- for grover he's an activist. he's someone -- he has his ideals, and if he compromises on that, that's harder
the reason why boehner has trouble cutting a deal is not because boehner can't cut a deal. i think in five minutes' time he and obama would come up -- >> excuse me, excuse me, you're wrong. you're wrong. all that grover has to say, all he has to say is, we're in a particular fiscal crunch right now, and we've got to make allowances for that. if he did that, a lot would change. >> grover only counts because these tea party guys, the 50, 60, 70 in the house, they have a theological...